The £4.95 online dealing charge will be available to Sippdeal SIPP, ISA and Dealing Account clients who place 20 or more deals in a month. The charge will be applied to all online deals placed in the following calendar month. The frequent dealing charge will be available from 1 November 2011 and form part of Sippdeal’s unique pricing, where clients never pay more than £9.95 for an online deal.
The charge is the latest in a series of enhancements to the award-winning Sippdeal platform, including the introduction of an annual cash bonus of up to 0.5% on fund investments in April 2011 and the launch of an ISA and Dealing Account to sit alongside the provider’s acclaimed SIPP proposition.
In addition to the £4.95 dealing offer and the annual cash bonus of up to 0.5% on fund investments Sippdeal offers:
Billy Mackay, Marketing Director says, “We believe that investors like the simplicity of a pricing structure with no annual charges and £9.95 for all online deals. Some products have charges that can vary according to any number of criteria. Our investors have the comfort of knowing they won’t pay more than £9.95 for an online deal and they now have the added bonus of the £4.95 tariff for frequent dealers. This sits alongside our recently introduced annual cash bonus on fund investments.”